Platts defers plan to include West Texas oil prices in its basket of international crudes following pushback from industry, says an article published in The World Street Journal.
Plans put-on holdPlans for the biggest overhaul in decades of how international oil prices are measured are being put on hold following objections over how to treat shipping costs.
Global commodity marketPrices of Texas oil were going to be included in assessments of Brent crude, the benchmark price underpinning the...
https://mfame.guru/oil-pricing-overhaul-delays-shipping-cost-uproar/